Consultant liability insurance in Canada

Insurance for consultants covers industries and professionals that provide a service or advice to their clients. If a consultant makes a mistake that causes financial harm, they can be held responsible.

Absolutely. This is the most important protection that a consultant needs. We suggest purchasing liability insurance limits between $1,000,000 and $5,000,000. If you’re a larger company with high liability exposure, you can always add higher limits for an additional cost.

• Insurance Brokers
• Accountants
• Bookkeepers
• IT Consultants
• Financial planners
• Lawyers
• Engineers

Yes, we do! Unfortunately, at this point in time purchasing your consultant business Insurance policy online is not available, but you can fill out your information, receive a quote and finalize the transaction with one of our brokers.

The annual cost depends on a few factors.

• Your annual revenue
• Your claims history
• The type of consulting you provide
• Where your clients are located; more specifically, if any of them are in the USA

If you’re a one-person operation, you can pay as little as $800/year. If you own a business with a team working for you, your annual business insurance cost will increase.

It’s possible to tailor an insurance policy to fit the individual needs of your business. Some companies or start-ups only want liability coverage, while others require broader protection. Here’s what KBD can provide:

• Liability Insurance – Coverage for your consulting services as well as commercial general liability, which provides coverage in the event your business is held responsible for causing physical damage to a third party.
• Contents Coverage – Protection for your computers, office equipment and other tangible objects that pertain to your business.
• Cyber Coverage – consultants keep customer data stored on computers and servers. Cyber coverage will protect your business if it falls victim to a data breach.

The easiest way to find the best insurance is to shop around! Not every insurance company can provide the product a consultant requires (which is Professional Liability), therefore we suggest informing yourself as much as possible. Another great way to find consultant insurance in Montreal is to speak with a KBD broker; we work with multiple companies that specialize in this type of protection.

Yes. This is our most popular consulting insurance product, and it covers professional liability, property and cyber.